trending Market Intelligence /marketintelligence/en/news-insights/trending/La8iFXHg7kGgBgetzB0A7Q2 content esgSubNav
In This List

Akuo Energy secures financing for 132 MW of wind projects in Poland

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding


Akuo Energy secures financing for 132 MW of wind projects in Poland

France-based renewables developer Akuo Energy completed financing three wind projects in Poland with a combined capacity of 132 MW, the company announced Dec. 12.

The Wielowies, EP 44 and Gniew wind facilities will be Akuo's first projects in Poland. They emerged as winners in a tender the Polish government launched in late 2018.

Financing was secured through an equity partnership with Mirova Eurofideme 4, a fund managed by Mirova (Natixis), and senior debt commercial loans from BNP Paribas Bank Polska, Commerzbank and Poland's mBank.

Vestas Wind Systems A/S will supply 53 turbines for the wind projects, the company said in a separate announcement. The contract also includes supply, installation and commissioning of the wind turbines and a 15-year active output management service agreement.

The turbines are expected to be delivered in the third quarter of 2020. The projects are expected to become operational in 2021.